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20121101
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>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
recognition of a palestinian state today, despite strong u.s. and israeli opposition. >> in europe is also divided on the move. a majority of the 27-nation european union including france and spain, is expected to back the palestinians. germany, on the other hand, said it would abstain, and britain is expected to do so as well. >> hundreds of palestinian flags flying in support of statehood. people await the outcome of the united nations vote with bated breath. many have been waiting for this for a long time. recognition of a palestinian state by the united nations. >> today is a very important day for the palestinian people. we are excited. we are happy. we think the international community will not be disappointed at this time. i hope. >> palestinians are pushing to have their united nations status of credit to that of a so- called non member observer state, which does not include voting rights but brings with it the symbolic recognition of statehood. it would also mean the possibility of access to the international criminal court in the hague, but israel says the proposed resolution doe
with its strongest rivals such as u.s. giant general electric. damascenes missed its earnings target by a wide margin and got beaten by rivals in the number of sectors. management now plans a sweeping reform to get the company back on track. it plans to beef up core activities and sell off unprofitable units. the effect of the workforce is uncertain. >> on to the day's market action. after starting off in positive territory, european shares slipped back in afternoon trading. our correspondence sent the summary of the thursday trading session in frankfurt. and investors really liked what siemens had to say, applauding efforts to generate more profits by accelerating the efforts to save costs. it was one of the top gainers of the day, and it also supported the move in the general market for a long time. also helping that mood, the greek parliament said yes to a hard austerity program that is difficult for the population but that will bring savings of up to 13.5 billion euros. investors liked that. the mood changed, though, to the - when the ecb came through, the european central bank,
oil spill ever in the u.s. some business owners and residents are still feeling the impact from the disaster. >> these images were broadcast around the world, a seemingly unending oil spill off the gulf coast in america. >> light 35%-40% less business. "they have accused bp of acting with negligence which is why the u.s. departments of justice have made it clear more trials may follow. >> today's resolution does not -- it does not -- marked the end of our efforts. the criminal investigation remains on going. >> on top of criminal cases, but civil lawsuits and other claims. under the clean water act, bp could be fined up to 16 billion euro which would harm their finances even further. bp stock prices never fully recovered after the disaster. today, shares are about one- third less than their value before this bill. >> is bp remained at these levels, it becomes a takeover target or a breakup story. either the stock will move up organic we are it will be taken out by a company that is competitive. >> the next big risk is not as losing money but it could determine the very future of
Search Results 0 to 3 of about 4